Format and Rules

Format and Rules for Minnesota's Personal Finance Decathlon

General Structure 

Team Composition 

  1. Teams shall be comprised of three to four members. 
  2. All members of a team must be from the same high school. 
  3. A team which qualifies for the state competition may reconstitute the members of its team prior to the competition. 

Qualifying for the State Competition 

  1. Twelve teams will be invited to participate at the State Competition. 
  2. These will include the top twelve scoring teams in online competition. 
  3. Exception – team limit for schools: Schools can only qualify one team to the state competition. If an additional team or teams from a school place in the top 12 online scores, the next highest qualifying team will be sent to the state finals instead. The exception to this is if there are fewer than 12 schools competing online. Then additional teams will be allowed from a school (up to two teams per school) based on online scores.

State Competition Format 

Case Study Analysis Structure

Each team will be given a case study with incomplete financial information about a fictional family's situation. Teams will have 90 minutes to study and analyze the case study and to prepare a presentation providing comprehensive financial planning for the family. Students will have access to the internet during this time. Sample case studies will be available online prior to the competition to practice on. After the 90 minutes, teams will present to a panel of judges. The top four teams will then present to the full panel of eight judges in order to choose the winning team that will represent Minnesota at the National Personal Finance Challenge.